Zhejiang Power New Energy Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 245.94 million compared to CNY 414.25 million a year ago. Revenue was CNY 245.94 million compared to CNY 414.25 million a year ago.

Net income was CNY 6.44 million compared to CNY 47.41 million a year ago. Basic earnings per share from continuing operations was CNY 0.0417 compared to CNY 0.3917 a year ago. Diluted earnings per share from continuing operations was CNY 0.0417 compared to CNY 0.3917 a year ago.